Houlihan Lokey

Houlihan Lokey News

  • Detroit’s Orr Shoots Down Creditors’ $2 Billion Art Offer

    Detroit’s emergency financial manager dismissed a proposal to raise as much as $2 billion for the bankrupt city by selling its art collection or using it to secure a loan.

  • Ma Leaves Haywood and BMO Adds Wilde From Deutsche, Vlaad Says

    Former Royal Bank of Canada vice president of mergers and acquisitions Artem Pirogov joined the corporate development and M&A group at General Motors Co., according to Vlaad and Co., a Toronto-based financial services recruiting firm.

  • Flagstone Said to Be Valued at About $1 Billion as It Seeks Sale

    Flagstone Foods, the Minneapolis- based holding company for Ann’s House of Nuts and Amport Foods working with banks to explore a sale, may be valued at about $1 billion, people with knowledge of the matter said.

  • American Apparel Can’t Soothe Lenders With Thong Leotards

    American Apparel Inc. used to enthrall 16- to 25-year-olds with its neon bike shorts and lace- thong leotards. Now, it’s just trying to raise enough cash to keep creditors at bay for at least six more months.

  • American Apparel to Sell Stock to Head Off Cash Crunch

    American Apparel Inc., facing another cash crunch, plans to sell $30.5 million of stock to pour more money into its attempted turnaround and meet looming debt payments.

  • Codere Creditors Revise Restructuring Plan on Spanish Law Change

    Codere SA’s bondholders revised their proposal to restructure the gaming company’s debt, saying changes to Spanish bankruptcy laws offer a chance to avoid legal proceedings.

  • Houlihan Lokey to Double Team Focused on Illiquid Sales

    Houlihan Lokey, the closely held investment bank that started advising on secondary sales of private-equity and hedge-fund stakes fours years ago, plans to more than double staff in that unit to 20 professionals or more as it expands into sales of other illiquid assets.

  • Charterhouse’s PHS Requests to Waive Loan Terms Until July

    U.K. service co. asked lenders to waive leverage covenant on its loans. * Request was made at lender meeting in London yesterday * Co. and owner Charterhouse Capital have hired Rothschild and Allen & Overy as advisers; Houlihan Lokey and Freshfields Bruckhaus Deringer are advising senior lenders * Information from a person familiar with the matter, who asked not to be identified because the deal is private * Gary Sunderland, the head of information resources at Charterhouse, declined to comment on the waiver and appointments * NOTE: Feb. 20: Co. breaches leverage covenant at December test date after ratio rises to 7.97x * NOTE: Jun. 7: Charterhouse paid GBP13m to lower co.’s debt ratio after ratio of debt to Ebitda reached 7.8x compared with 7.5x limit

  • American Apparel Bondholders Are Said to Hire Advisers

    American Apparel Inc. bondholders hired Houlihan Lokey and Milbank, Tweed, Hadley & McCloy LLP as advisers in preparation for restructuring negotiations with the troubled retailer, two people familiar with the situation said.

  • Houlihan Lokey Hires Winningham to Expand Corporate Finance Team

    Houlihan Lokey, a closely held investment bank, hired Stephen Winningham from Lloyds Banking Group Plc as it plans to expand the corporate finance team in Europe.

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